When determining the best methods to boost employee engagement, organizations often turn to reward and incentive programs.
When determining the best methods to boost employee engagement, organizations often turn to reward and incentive programs. However, it's widely believed by companies that these initiatives should be tailored to their specific cultures and demographics.
Recent research from Gallup backs up this assertion, revealing that the importance that employees place on career advancement differs across age and, in some cases, gender. According to the survey, younger men and women place a similar level of value on moving up the company ladder, with 69 percent of men ages 18 to 49 and 65 percent of women of the same age saying it is either "very" or "extremely" important that they advance over the course of their careers.
Conversely, those figures nearly halve when surveying men and women older than 50, with 37 percent and 24 percent, respectively, placing a similar level of importance on moving through the ranks.
"It is not unexpected that younger workers are much more likely than older workers to say it is important that they advance in their careers, given that the former have most of their work life ahead of them, while the latter are closer to the end of their careers, and may perceive that they already have done all the advancing they want to," Gallup explained.
This research slightly contradicts a recent study from Blue Chip, which asserted that age doesn't affect worker engagement, and in fact, employees of all ages are motivated by similar things. These include career development opportunities and wellness programs. However, it did note that Generation Y workers are more motivated by tasks they find enjoyment in, while Generation X professionals want to be rewarded or recognized for projects completed or clients won, the survey revealed.